CMN ==> The Christmas Winner!

[mrmarket]

>> I will sell when it reaches my target price.

And if it never reaches your target price?

I've had 65 stocks reach my target price. Never say never.

[mooddude]

>> I will sell when it reaches my target price.

And if it never reaches your target price?

There was a time frame as well (4-6 weeks).

The stock bounced back off 50-day nicely this morning.

[mrmarket]

There was a time frame as well (4-6 weeks).

The stock bounced back off 50-day nicely this morning.

True but if I sell in 2 months, does that mean it wasn't a successful trade? To me it was.

[mooddude]

True but if I sell in 2 months, does that mean it wasn't a successful trade? To me it was.

It would be a successfull trade in 2 months. But, for me it wouldn't be in 2 years if you gain only 15%.

What remains unclear is why set the 4-6 time frame? Perhaps, 4 weeks to 2 months maximum?

[mrmarket]

It would be a successfull trade in 2 months. But, for me it wouldn't be in 2 years if you gain only 15%.

What remains unclear is why set the 4-6 time frame? Perhaps, 4 weeks to 2 months maximum?

I am not "setting" a time frame. On average, my picks reach that target within 4 to 6 weeks.

If my picks outperform the market, they are successful no matter how long I hold them. Even if they underperform the market, if my risk premium was lower (e.g. low P/E, high dividend, etc) I would consider it a successful pick.

[gadinaz]

???

http://bigcharts.marketwatch.com/charts/big.chart?symb=CMN&compidx=aaaaa%3A0&ma=3&maval=9&uf=8&lf=4&lf2=32&lf3=512&type=4&size=2&state=8&sid=4643&style=320&time=6&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=3795&mocktick=1

[andrewte]

It has been downward sliding ever since that Bearish engulfing(1st week of Feb) and the series of rises in relatively lower volume. It will probably stay this way for a while now that the 30day EMA is broken. I guess my real question would be, is there something we don't know about the stock?

The Nebraskan

[mrmarket]

Am I good or what?

Press Release Source: Cantel Medical Corp.


Cantel Medical Reports EPS of $O.24 VS. $0.17 on 21% Increase in Net Sales for Quarter Ended January 31, 2005
Wednesday March 2, 8:00 am ET


LITTLE FALLS, N.J.--(BUSINESS WIRE)--March 2, 2005--CANTEL MEDICAL CORP. (NYSE:CMN - News) reported net income of $3,875,000, an increase of 51%, or $0.24 per diluted share, for its second quarter ended January 31, 2005, on sales of $49,536,000, an increase of 21%, as compared with net income of $2,573,000, or $0.17 per diluted share, on sales of $41,096,000 for the quarter ended January 31, 2004. Of the 21% increase in net sales, 18% was from the Company's core businesses and 3% was from the Saf-T-Pak acquisition in June 2004.
For the six months ended January 31, 2005, the Company reported net income of $6,982,000, an increase of 60%, or $0.44 per diluted share, on sales of $94,878,000, an increase of 22%, as compared with net income of $4,368,000, or $0.29 per diluted share, on sales of $77,945,000 for the six months ended January 31, 2004.

The Company further reported that its balance sheet at January 31, 2005 showed current assets of $78,915,000, including cash of $21,601,000, a current ratio of 3.1:1, a ratio of funded debt to equity of 19:1 and stockholders' equity of $99,404,000.

James P. Reilly, President and Chief Executive Officer of CANTEL, commented, "Continued strong demand for our products and services and overall improvement in gross margins contributed to the outstanding operating results for our second quarter ended January 31, 2005." Reilly added, "We will continue to focus on our core businesses, including our restructured water treatment and filtration group and our specialty packaging business, while aggressively seeking acquisitions of companies specializing in infection prevention and control products and services for the medical and dental markets."

Cantel Medical Corp., a healthcare company, is a leading provider of infection prevention and control products, which include specialized medical device reprocessing systems for renal dialysis and endoscopy, water treatment systems, sterilants, diagnostic imaging and therapeutic medical equipment primarily focused on endoscopy, hollow fiber membrane filtration and separation technologies for medical and non-medical applications, and specialized packaging for infectious and biological specimens. The Company also sells scientific instrumentation products and provides technical maintenance services for its products.

The Company will hold a conference call to discuss the results for the second quarter ended January 31, 2005 on Wednesday, March 2, 2005 at 11:00 AM Eastern time. To participate in the conference call, dial 1-877-407-8035 approximately 5 to 10 minutes before the beginning of the call. If you are unable to participate, a digital replay of the call will be available from Wednesday, March 2 at 2:00 PM through midnight on March 3, by dialing 1-877-660-6853 and using passcode #286 and conference ID #141201. The call will be simultaneously broadcast live over the Internet on vcall.com at http://www.vcall.com/CEPage.asp?ID=90874. A replay of the webcast will be available on Vcall for 30 days.

For further information, visit the Cantel Web site at www.cantelmedical.com.

This press release contains forward-looking statements. All forward-looking statements involve risks and uncertainties, including, without limitation, the risks detailed in the Company's filings and reports with the Securities and Exchange Commission. Such statements are only predictions, and actual events or results may differ materially from those projected.

[B.J]

Could hit your target today the way it's going. Congrats.

[mooddude]

CMN might be forming the third leg of an ascending base.

[B.J]

Mood Dude, can you describe an ascending base? Thanks. I'm just curious.

[mooddude]

It happens after a strong move from a cup-with-handle. It forms three new highs and three lows, each low is higher than the previous low. A pattern like this:

           /
        /\/ 
     /\/  3low
  /\/  2low
 /  1low
/

CMN may be forming the last leg. It may be aiming for the 3rd high and 3rd higher low, after which a stock usually breaks out.

[casinoboy3]

Got out at 28.76 this morning for 15%, good thing for limit orders!
THANK YOU MR. MARKET, you are indeed $$HUGE$$

[B.J]

Got out at 28.76 this morning for 15%, good thing for limit orders!
THANK YOU MR. MARKET, you are indeed $$HUGE$$

Ditto. I bought a week and a half ago at 24.00, out at 28.55 today. Props $$MM$$.

[titanomega1]

sold CMN @ 28.8

You You You! Send Mr. MARKET the finest meats and cheeses. A 15% profit in 9 weeks! Join the thermos love train!!!!!!!!!!